Bunzl (OTCMKTS:BZLFY) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Bunzl PLC (OTCMKTS:BZLFY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.55 and traded as low as $17.80. Bunzl shares last traded at $17.82, with a volume of 17,445 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on BZLFY. Sanford C. Bernstein cut Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Citigroup restated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. Finally, BNP Paribas Exane downgraded shares of Bunzl from an “outperform” rating to a “neutral” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.39 and a quick ratio of 0.80. The stock has a 50 day moving average price of $18.54 and a 200-day moving average price of $16.83.

Bunzl Company Profile

Bunzl plc is an international distribution and outsourcing company that supplies essential products and services to businesses across a range of industries. Its customers include organizations in the foodservice, retail, grocery, healthcare, hospitality, cleaning, safety and industrial sectors.

The company distributes products such as food packaging and disposable supplies, cleaning and hygiene products, personal protective equipment, catering equipment, workplace safety supplies, healthcare consumables and retail packaging.